SmartCoin Loan Review | Get Instant Loan Up to Rs. 50000

SmartCoin Loan, How to apply, SmartCoin Loan interest rate, fees & charges, documents required, eligibility criteria

You do not know when a financial emergency will come, In that situation, you need money urgently. there are various options available in the market. Paisaknow provides genuine loan apps using which you can get a loan. In this series, we brought today’s SmartCoin Loan App.

SmartCoin loan app is a digital loan provider that provides loans using innovative technology. It mainly provides micro-loans to the middle and lower-income segments.

Loan App NameSmartCoin
Loan AmountFrom Rs. 1000 to Rs. 70000
Loan Tenure91 days to 270 days
Interest RateStarting from 20% APR (Annual percentage rate)
Processing Fee2% to 5%

SmartCoin Personal Loan Features & Benefits

  • The loan application process is 100% online.
  • Minimal documentation
  • No Collateral is required
  • It provides instant loan from Rs. 4000 to Rs. 70000
  • Flexible repayment tenure from 91 days to 270 days
  • Loan disbursal is quite fast. after approval you will get loan amount within hour.
  • No Prepayment charges
  • All the loan are processed by the RBI registered NBFCs.
  • The interest rate stats from 20% p.a. (APR).

SmartCoin Personal Loan Eligibility Criteria

  • Applicant must be a resident of India.
  • It provides loans for both Salaried and self employed individual.
  • You must have an Android phone.
  • You must be over 21 years or above

Documents Required For SmartCoin Personal Loan

  • ID Proof – Aadhaar card OR PAN card
  • Current address proof – Aadhaar card OR Utility bills like gas, electricity etc. Please make sure your address and LPG ID or consumer number is clearly visible.
  • Selfie photo
  • Bank cheque leaf OR IFSC code for your bank branch.
  • Bank Account Details

How to Apply For SmartCoin Personal Loan?

  • Download the SmartCoin app from Google Play Store on your phone.
  • Give the required permission to the app by clicking on the allow button.
  • Register through your Google account and enter basic profile details.
  • Based on your details, SmartCoin will calculate the best possible loan offers for you.
  • Choose among the available loan products for required amount ,tenure, and proceed to apply.
  • After you apply, take photo of the following documents from your smartphone and upload on the app:

a) ID Proof – Aadhaar card (Front and Back) OR your PAN card
b) Current address proof – Aadhaar card (Front and Back) OR Utility bills like gas, electricity, etc. Please make sure your address and LPG ID or consumer number is clearly visible
c) Selfie photo
d) Bank cheque leaf OR IFSC code for your bank branch.

  • Once all your KYC documents have been verified, SmartCoin will verify your bank details by depositing Re. 1 into the provided bank account. If the bank account is not owned by you or the Re. 1 transfer fails, the bank details will get rejected and you will be asked to provide a different bank account.
  • After your bank account has been verified successfully, the loan amount will be transferred instantly to your bank account.

SmartCoin Loan Repayment

It offers various methods to repay your loan which you can find as mentioned below.

  • Bank Transfer : You can pay the loan amount using NEFT/IMPS/RTGS service through your net banking or by visiting your bank branch. After the payment, open the payment form in the app and add the payment reference number or the UTR number of the transaction.
  • UPI (Unified Payments Interface) : You can do a UPI transfer through any UPI-enabled apps e.g. Google Pay, PhonePe, Paytm etc.
  • Debit Card
  • Net Banking
  • Wallet

You will receive reminders and notifications before the due date.

SmartCoin Interest Rate, Fees & Charges

Fee & ChargesAmount Chargeable
Interest rateStarting from 2% p.a
Processing feeStarting from 2.5%
Prepayment chargesNIL
Late payment charges12% per annum in addition to the interest

SmartCoin Personal Loan Pros & Cons

100% online loan application processThe loan amount is less
No collateral requiredThe interest rate is high
No prepayment chargesLoan Tenure is less
Loan is processed by RBI registered NBFCsOffers only short term loan
Loan disbursal is fast
Various modes for loan repayment
Minimum salary criteria are not required

Is SmartCoin App Safe and Legit?

SmartCoin processes all the loans by the RBI registered NBFCs. As per the SmartCoin website, it served loans to more than 19000 Pin codes, above 600 crores of loans, and 6 million-plus trusted users. all these details make SmartCoin a safe and trustable loan app.

SmartCoin has been recognized nationally and internationally for its efforts at Google’s Launchpad Accelerator, Global Inclusive50 by MetLife, VISA, IFC, etc.

Moreover, SmartCoin transfers the data through secured connections.

SmartCoin Customer Care Details

Contact TypesPhone/Email/Address
SmartCoin customer care number9148 380504
SmartCoin email
SmartCoin registered addressSmartCoin Financials private Limited, IndiQube Gamma
No.293/154/172, 1st floor, Outer Ring Road
Kadubeesanahalli, Bengaluru
Karnataka 560103


We have seen the complete details of the SmartCoin personal loan. I hope the detailed explanation will help you to choose the right platform for your personal loan requirement.

Make sure to choose the right loan product based on your needs. Choose the loan amount that meets your needs and requirements. Opting for a large loan when you don’t need it, will only lead you to have higher liabilities and financial burdens.

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1: When I will get SmartCoin loan offers?

After completing registration successfully, SmartCoin will analyze your profile and unlock the best loans possible.

2: How long it will take to approve my KYC documents?

KYC document verification is done manually. it will take a few hours to verify.

3: How much time it will take to credit the loan amount to my account?

After your KYC verification is done and you meet the eligibility criteria, the loan amount will be credited to your bank account within 6 hours.

4: Is there any prepayment penalties?

No, you can make a payment before the due date without any prepayment penalties.

5: Can I cancel my loan application after applying for a loan?

There is no cancel option right now. however, you can choose not to accept the loan agreement and the loan will be canceled within a few days.

6: How to see my loan application history?

You can click on “My Loans” from the main menu to see the status of any past loan applications.

7: How much loan SmartCoin app provide?

SmartCoin personal loans range from Rs. 4000 to Rs. 70000.

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